📣Asset managers are racing to the SEC with revised proposals for Ethereum ETFs! VanEck, BlackRock, Grayscale, and Invesco Galaxy Digital are all in the mix, with VanEck setting the bar with a 0.20% management fee. 🏁

🔮Bloomberg's Eric Balchunas predicts ETFs will launch in early July, just in time for some Independence Day fireworks! 🎆

📈The SEC has already given the green light for eight spot Ether ETFs, with Fidelity's updated filing revealing a $4.7 million seed from FMR Capital. Bitwise is also hinting at a potential $100 million investment from Pantera Capital. 💰

🔀Meanwhile, Hashdex is seeking approval for a Bitcoin and Ether combo ETF, after ditching plans for an Ether-only fund.

The anticipation is palpable as we await the impact these funds will have on the market. What's your take? Will Ethereum ETFs be the next big thing in DeFi? Let's chat in the comments! #DeFi #Web3 #CryptoNews